Koninklijke Ten Cate NV : TenCate closes new credit facility
(Thomson Reuters ONE) -
On Friday, 31 October 2014 TenCate closed a ?350 million credit facility with an
international syndicate of six banks, with a possible increase of ?150 million.
The facility has a five-year term. With this facility, TenCate has renewed the
existing ?450 million credit facility, which was closed in 2010. Like the
existing facility, the new credit facility is flexible with regard to the
seasonal patterns in the Net Debt/EBITDA ratio which are characteristic of
certain business units, with covenants similar to those of the existing credit
facility.
Royal Ten Cate
Almelo, The Netherlands, Monday, 3 November 2014
For further information:
TenCate corporate
Gert Steens, manager investor relations
Telephone : +31 (0)546 544 977
Mobile : +31 (0)621 597 411
E-mail : ir(at)tencate.com
Internet : www.tencate.com
Royal Ten Cate (TenCate) is a multinational company that combines textile
technology with chemical processes and material technology in the development
and production of functional materials with distinctive characteristics. TenCate
products are sold throughout the world.
Systems and materials from TenCate come under four areas of application: safety
and protection; aviation and aerospace; infrastructure and the environment;
sport and recreation. TenCate occupies leading positions in protective fabrics,
composites for aviation and aerospace, antiballistics, geosynthetics and
synthetic turf. TenCate is listed on NYSE Euronext (AMX).
Press release as PDF:
http://hugin.info/130798/R/1867652/656271.pdf
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Source: Koninklijke Ten Cate NV via GlobeNewswire
[HUG#1867652]
Unternehmensinformation / Kurzprofil:
Datum: 03.11.2014 - 08:01 Uhr
Sprache: Deutsch
News-ID 348926
Anzahl Zeichen: 2349
contact information:
Town:
Almelo
Kategorie:
Business News
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